Price of Field Corn at an All-Time High

WHAG-TV via MSNBC ^ | 6/8/2011 | WHAG-TV

[discipler]

I’m not sure of your motive but don’t call it “value added” when the govt is subsidizing it. We have been selling grain overseas for a long time. This spike in corn is something else. The govt subsidies - over a dollar a gallon for ethanol - has thrown this way out of balance. Perhaps you are a friend to the farmer who rationalizes the good money of taxpayers going to make farmers rich, maybe not, but you don’t really have a standing here to lecture.

[LOC1]

An average vehicle consuming gasoline which contains 10% ethanol removes as many calories from the food chain in a year as it would take to keep two people alive for that same year.

[Yo-Yo]

We Need More Ethanol Subsidies!

[Cold Heart]

pure-gas.org

[Gaffer]

thanks

[Venturer]

Just remember this pal, The price of fertiliser, seed corn, Diesel fuel , they are all at record prices too, and you cannot raise the corn without the other expenses.

[EternalVigilance]

Thank you for being a voice of reality.

[Only1choice____Freedom]

Evil windfall profits from Big Corn to be taxed?

[Arrowhead1952]

Just another thing that happened to affect the corn prices. There will be no corn from Texas this year. We were coming back from east of Austin and the corn there is less than four feet tall, and not one mature ear in sight.

Drought Monitor

[Qbert]

“Just remember this pal, The price of fertiliser, seed corn, Diesel fuel , they are all at record prices too, and you cannot raise the corn without the other expenses.”

Hey, I’m just the messenger!

[Venturer]

No offense meant.

[Domangart]

Field corn. Think wood.

[griswold3]

Dayton Cargill bid line
1-800-448-1285

Corn closed Thursday july delivery $8.30

[SunkenCiv]

Gosh, it's almost as if the 2011 planting season is recently underway. And the price of fuel, and petrochemicals, has been high and getting higher during the Zero regime.

• The Bum Rap on Biofuels [2008]
• Campaign to vilify ethanol revealed [2008]
• Oil Price Pressure Driving Global Switch to Biofuels [2006]

[SunkenCiv]

/bingo

[Tolerance Sucks Rocks]

"This is the ultimate high," says Eddie Mercer, President and Owner of Eddie Mercer Agri-Services Inc. "The most time we've ever sold corn is maybe in the $5, but never in the $8 range."

So you're saying 1 bushel of corn will get you across the Bay Bridge in 2013???

Maryland "Freak State" PING!

[Gabz]

Go figure. Fed is giving farmers subsidies to grow it for Ethanol so that the ethanol can ruin gaskets, O2 sensors and what not to artificially pump-up/replace some gas [badly]. If I could find gas without it, I’d always buy it.

We can get it around here. And we've learned our lesson about using it for the lawn/garden equipment, but can't afford it for driving.

It makes absolutely no sense to me, but when we went by one of the places we know that sells it this afternoon, the price was $4.19 a gallon, and the ethanol added stuff was $3.53.

[Gabz]

Just another thing that happened to affect the corn prices. There will be no corn from Texas this year.

And if there is no significant rain soon there will be no corn from Eastern Virginia and the entire DelMarVa peninsula. We're not in as bad shape as you folks in Texas, but it is getting there. If we don't get a major rain event before the end of the week, there will be no corn crop from my county. Both sweet and feed corn are pretty much toasted at this point.

[Balding_Eagle]

This thread is leaving me stunned.

WHERE are the posts about ‘paying farmers not to plant’?

Surely they can’t be a thing of the past?

If they are, why isn’t everyone rejoicing?

[Arrowhead1952]

If we don't get a major rain event before the end of the week, there will be no corn crop from my county.

Corn is not the only crop that is going to hit our pocket books. I heard a news story the other day that said Texas produces over 50% of the US cotton, and almost all the cotton farmers haven't planted one seed due to the drought. Look for cotton products to increase in price by winter.